What would Japanese intervention to boost a weak yen look like?
Japanese authorities are facing renewed pressure to combat sharp declines in the yen, as traders drive down the currency on expectations the interest rate differentials between Japan and the United States will remain wide. Below are details on how yen-buying intervention works: LAST CONFIRMED YEN-BUYING INTERVENTION? Tokyo spent 9.8 trillion yen ($61 billion) intervening in … Read more
